Phoenix Restart: Retail Chain
Retail
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The Challenge
A retail business with 5 stores entered administration but had a viable core business. The directors needed to acquire the assets and restart trading within weeks to preserve supplier relationships.
Our Solution
We arranged a pre-pack administration with £750K of asset-backed lending against stock and debtors, plus a £500K commercial mortgage on the company’s owned premises.
The Outcome
The phoenix company acquired the assets within 2 weeks of administration, preserving 45 jobs and all key supplier relationships. The business returned to profitability within 6 months.
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